At number 4047th in the list of Australian suburbs ordered by increase in median house value over the last year, Berala, 2141 is in the BOTTOM 10% with a property value increase of -14.33% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Berala has increased when compared to the 5 year average annual rate.
Berala2141 is located in NSW which offers an average discount of -6.45% to property investors. Berala itself is showing figures that indicate -9.20% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.
A $527.5 per week rent on the median house gives suburb investors a gross yield of circa 3.21%, without taking into account capital value appreciation, which has been averaging out at 7.98%.
NSW has seen average median house prices change by -0.14% which means that Berala, 2141 has not done well for property investors by showing a capital gain of 3.16% over the last year
Over the longer term, Berala has seen property prices show investors a -5.77% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -5.68% to buyers in Berala at the moment, which is less than average for the rest of NSW.
With the median price for a house in Berala being $490000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.14%